Down 15.3% in 4 Weeks, Here's Why You Should You Buy the Dip in Kennametal (KMT)

Group 1 - Kennametal (KMT) has experienced a significant decline of 15.3% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal [1] - The Relative Strength Index (RSI) for KMT is currently at 28.83, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is a strong consensus among Wall Street analysts that KMT will report better earnings than previously predicted, with a 1.8% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - KMT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]